Two-Home Duplex
New
For Sale
$249,999
528 S RAILROAD STREET, Myerstown, PA 17067
Two residences occupy one parcel, with a garage and workshop at the rear home.
Property Size2,734 SF
Price / SF$91.44
Days on Market7
Property Features for 528 S RAILROAD STREET
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1957
Buildings
2
Listing Agency:
RE/MAX Of Reading
Listed By:
Kevin J Snyder · License #RS304341
(610) 670-2770
Source:
Cummingsrealtors
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 7:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Of Reading
Investment Insights
Based on property information with market context.
This duplex property brings together two separate residences on a single lot, with 2,734 square feet of property size. The front home has four bedrooms, one bathroom, a family room, and a sunroom. The rear residence includes three bedrooms and one and a half bathrooms, plus an attached garage with workshop space.
Located in Myerstown Borough in Lebanon County, the property is within the Eastern Lebanon County School District.
Located in Myerstown Borough in Lebanon County, the property is within the Eastern Lebanon County School District.
Key Highlights
- Two separate residences on one lot
- 2,734 square feet of property size
- Front residence has 4 bedrooms, 1 bathroom, a family room, and a sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,703
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,060
$454.1K
Cap Rate 7%
$324,329
$324.3K
Cap Rate 9%
$252,256
$252.3K
Market Conditions
NOI Build-Up for 2,734 SF
Gross rent
$44.3K $16.20/SF
− Vacancy
−$3.0K −$1.10/SF
EGI
$41.3K $15.10/SF
− OpEx
−$18.6K −$6.79/SF
NOI
$22.7K $8.30/SF
Area
Lebanon County, PA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,060
Cap Rate 7%
$324,329
Cap Rate 9%
$252,256
Alternative Uses
Best Use
Multifamily LT 5
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$641.7K
$561.5K – $748.7K
NOI $44,921 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 17067, PA
15,677
Population
6,155
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
83%
High-School Grad
47.1 sq mi
ZIP Area
333
Density / Sq Mi
$78,125
Median Household Income
$47,624
Median Earnings
$1,183
Median Rent
$229,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences occupy one parcel, with a garage and workshop at the rear home.
Where is this duplex located?
The property is located at 528 S RAILROAD STREET Myerstown, PA.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Two separate residences on one lot; 2,734 square feet of property size; Front residence has 4 bedrooms, 1 bathroom, a family room, and a sunroom
